$390,000
Glendale, AZ 85301
MLS# 6137483
Status: Closed
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Property Description
Fresh $10k price reduction....HIGH DEMAND/LOW SUPPLY OWNER USER OR INVESTMENT OPPORTUNITY..WALK TO CITY HALL....SELLERS WILL LEASEBACK FOR 3 YEARS PLUS ADDITIONAL TENANT INCOME IF BUYER WANTS OR USE some SPACE AND STILL HAVE INCOME FROM 2 TENANTS!! *** PRICED AT A 7.88% CAP RATE ON $11.45 MG INCOME***4 AC UNITS, 3 APX 5-YEARS OLD, ONE WATER METER, 3 SEPARATE ELEC METERS...ADDITIONAL PARKING INCOME FOR SPECIAL EVENTS..2 CONTIGUOUS PARCELS 042/043...GAS SERVED, C2 ZONED RETAIL OR OFFICE USES, GOOD PARKING..MAIN SEWER LINE REPLACED 2 YEARS AGO.
Details
Maps
Contract Info
Current Price: $390,000
Sold Price: $390,000
Status: Closed
List Date: 2020-09-25
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: N32
House Number: 7112
Compass: N
Street Name: 55TH
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 0708
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 4 BLOCK 10 PARK ADDN BLKS 26-28, 7-15 MCR 000342
Subdivision: PARK ADDN BLKS 26-28, 7-15
Assessor's Map #: 25
Assessor's Parcel #: 42
Add'l Parcels: Yes
Assessor Number: 147-25-042
Census Tract: 92500
Legal: LOT 4 BLOCK 10 PARK ADDN BLKS 26-28, 7-15 MCR 000342
Tax Municipality: Glendale
Taxes: 850
Tax Year: 2020
General Property Description
Ttl Apx SqFt Bldg: 3272
Ttl Apx Net Rnt Spc: 3272
# of Buildings: 2
Lot Size Dimensions: 100 X 170
Year Built: 1985
Uncvrd Parking Spcs: 19
Zoning: C2
Remarks & Misc
Cross Street: GLENDALE/55 AVE
Directions: NORTH FROM GLENDALE ON 55 AVE, WEST SIDE OF 55 AVE JUST NORTH OF GLENN
Geo Lat: 33.540424
Geo Lon: -112.177773
Status Change Info
Status Change Date: 2021-06-08
Off Market Date: 2021-06-07
Under Contract Date: 2021-04-23
Close of Escrow Date: 2021-06-07
Sold Price: $390,000
Legal Info
Township: 2N
Range: 2E
Section: 5
Lot Number: 4
Income & Expenses
Owner Association: No
Operating Exp: 850
Vacancy Allowance: 5
Net Operating Income: 29619
Pmt & Rate Info
Cap Rate: 7.59
Equity: 390000
Contact Info
List Agent Home Phn: 602-402-5294
Sold Info
Loan Type: Other
Loan Years: 30
Payment Type: Balloon
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Office
Current Use: Office
Stories: 1 Story
Construction: Block; Frame - Wood
Roofing: Comp Shingle
Floors: Concrete; Carpet
Ceiling Height: 8 Feet or Less
Heating: Heat Pump
Cooling: Central A/C
Loading Facilities: None
Interior: Finished
Fencing: Chain Link
Parking: Free; Private Parking; Paved Parking
Electric: APS
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Lockbox Type: None
Source of Fincl Data: Projected Proforma
Reports/Disclosures: None
Environmental: None
Listing Office: Stone West Properties
Last Updated: June - 08 - 2021
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